Question

Shawn is buying his first home. At closing he brought a check for $7570. The closing costs were as follows: Title Fee $545 Processing Fee $2100 Appraisal $695 No. of Points 2 Based on this information, how much did the house cost? A. $211,500 B. $159,000 C. $141,000 D. $175,000

          Shawn is buying his first home. At closing he brought a check for $7570. The closing costs were as follows:
Title Fee	$545
Processing Fee	$2100
Appraisal	$695
No. of Points	2
Based on this information, how much did the house cost?
A. $211,500
B. $159,000
C. $141,000
D. $175,000

Shawn is buying his first home. At closing he brought a check for 7570. The closing costs were as follows:
Title Fee545
Processing Fee 2100
Appraisal695
No. of Points 2
Based on this information, how much did the house cost?
A. 211,500
B.159,000
C. 141,000
D.175,000

Added by Gema M.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

Instant Answer

Solved by Expert Supreeta N

04/04/2023

Step 1

We have the following fees: Title Fee: $545 Processing Fee: $2100 Appraisal: $695 Total closing costs = Title Fee + Processing Fee + Appraisal Total closing costs = $545 + $2100 + $695 = $3340 Now, we know that Shawn brought a check for $7570 at closing. This Show more…

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Shawn is buying his first home. At closing, he brought a check for $7,570. The closing costs were as follows: Title Fee: $545 Processing Fee: $2,100 Appraisal: $695 Number of Points: Unknown Based on this information, how much did the house cost? A. $211,500 B. $159,000 C. $141,000 D. $175,000